Community post
Bitcoin is not the future
You are not going to become rich by investing in Bitcoin now, the chances of the price doubling are much smaller than the chances of it halving. Many other Cryptos are not mainstream yet and do have a great potential, but not Bitcoin.
The fact of the matter is Bitcoin is probably in a bubble. This does not mean all cryptos are in a bubble but Bitcoin definitely is.
Bitcoin is slow, expensive and, realistically, has no chance of beating FIAT as global currency. However, many other cryptos propose a better idea and have a much brighter future than Bitcoin.
The Crypto madness has just started, but the Bitcoin era is about to end.
Replies (5)
Hi just a tip. If you're spreading FUD, it's always best to present some studies or sources that backs up your claim. Don't be like those who spread FUD without studying what cryptocurrency is. If you're thinking that bitcoin is not the future, then maybe you still don't know what lightning network is. LN is still in development stage, but if it succeeds, then bitcoin will definitely be one of the best cryptos again.
Yeah, thanks for the tip!!
I actually do know what LN is but, in my opinion, the chances of it being successful are still pretty slim
Yes, there are "rumors" that it is not running smoothly. But I'm pretty sure that the developers will find a way and will not stop developing just because of a single hurdle. If you transferred bitcoin recently, you'll notice that the transaction fees and speed is significantly lower than before the testing of LN. I don't know if this is really the effect of LN or just because the volume of transaction since the dip is much lower. Anyways, we all love cryptos. And whatever cryptos you're hodling, I wish you a prosperous trading :) Have a nice day!
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